$1000SATS Coin Analysis Hourly Frame/
1. General Trend Analysis:
The current price at 0.0001181 shows a rebound after a strong decline.
Short-term moving averages (MA) (5 and 10) indicate the beginning of an upward trend, as the intersection of the averages indicates an improvement in momentum.
2. Supports♥:
First strong support at 0.0001100 (recent low).
Secondary support at 0.0001050 (24-hour low).
3. Resistances♥:
First resistance at 0.0001202 (close to the current price).
Second resistance at 0.0001241 (24-hour high).
Strong resistance at 0.0001315 (higher level shown on the chart).
4. Technical indicators:
RSI (Relative Strength Index): At 55, it indicates a neutral situation with a bullish bias.
MACD: It shows a positive crossover between its lines, indicating the beginning of an upward momentum.
Parabolic SAR: Dots below the current price indicate a short-term bullish trend.
5. Conclusion♥♥:
If the price manages to break the first resistance at 0.0001202 steadily, it may continue to rise to the next resistance.
In case of a downtrend, the 0.0001100 level should be monitored as a strong support.